Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. However, the model's predictive power is significant for positive ESP readings only.Ī positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate.
This online file-sharing company is expected to post quarterly earnings of $0.30 per share in its upcoming report, which represents a year-over-year change of +76.5%. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. On the other hand, if they miss, the stock may move lower. The earnings report, which is expected to be released on May 6, 2021, might help the stock move higher if these key numbers are better than expectations. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. If you find data inaccuracies kindly let us know using the contact form so that we can act promptly.The market expects Dropbox (DBX) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2021. We have validated the data to the best of our knowledge. Analyzing current prices after knowing last month's performance will help you better track the progress. However, during the time you stay invested, you have to track the charts regularly.
Note: As already mentioned, most value investors would recommend an exit in one month. We have come to the end of last month's performance analysis of Dropbox Inc (DBX).
Following the table, you will see a visual representation of the troughs. The below table lists the five lowest prices, the volume of activity on those days, and the corresponding dates. The final section will let you know the lowest prices recorded by Dropbox Inc (DBX) last month.
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